Can I retire at age 56 with 3,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$305,543$302,821$300,166$297,574$295,043$285,142
2 years$151,259$148,442$145,711$143,064$140,497$130,619
3 years$99,837$97,008$94,285$91,663$89,137$79,593
4 years$74,132$71,311$68,615$66,038$63,573$54,436
5 years$58,713$55,909$53,248$50,723$48,327$39,622
6 years$48,436$45,654$43,033$40,564$38,240$29,972
7 years$41,099$38,340$35,760$33,350$31,099$23,268
8 years$35,599$32,864$30,328$27,976$25,800$18,400
9 years$31,323$28,614$26,121$23,830$21,727$14,749
10 years$27,904$25,222$22,773$20,541$18,513$11,945
11 years$25,109$22,454$20,049$17,877$15,921$9,752
12 years$22,781$20,153$17,793$15,681$13,797$8,012
13 years$20,813$18,213$15,897$13,844$12,031$6,615
14 years$19,128$16,555$14,283$12,289$10,547$5,484
15 years$17,668$15,123$12,896$10,960$9,286$4,562
16 years$16,392$13,875$11,692$9,813$8,207$3,805
17 years$15,268$12,779$10,639$8,817$7,277$3,180
18 years$14,269$11,808$9,712$7,946$6,470$2,663
19 years$13,377$10,944$8,891$7,180$5,767$2,234
20 years$12,575$10,169$8,160$6,503$5,151$1,876
21 years$11,850$9,472$7,506$5,902$4,610$1,577
22 years$11,192$8,842$6,917$5,366$4,132$1,327
23 years$10,593$8,270$6,387$4,887$3,709$1,117
24 years$10,044$7,748$5,907$4,457$3,334$941
25 years$9,539$7,271$5,471$4,070$3,000$793
26 years$9,074$6,834$5,074$3,722$2,702$669
27 years$8,645$6,431$4,712$3,407$2,436$564
28 years$8,246$6,060$4,380$3,121$2,198$476
29 years$7,876$5,717$4,076$2,862$1,985$402
30 years$7,532$5,399$3,797$2,627$1,794$339
31 years$7,210$5,104$3,540$2,413$1,622$287
32 years$6,909$4,830$3,303$2,217$1,467$242
33 years$6,626$4,574$3,084$2,039$1,328$205
34 years$6,361$4,335$2,881$1,876$1,202$173
35 years$6,112$4,111$2,694$1,727$1,089$146
36 years$5,876$3,902$2,520$1,590$986$123
37 years$5,655$3,706$2,359$1,465$894$104
38 years$5,445$3,522$2,209$1,351$810$88
39 years$5,247$3,349$2,069$1,245$735$74
40 years$5,058$3,187$1,940$1,149$667$63
41 years$4,880$3,033$1,819$1,060$605$53
42 years$4,711$2,889$1,706$978$549$45
43 years$4,550$2,753$1,601$903$498$38
44 years$4,396$2,624$1,503$834$452$32
45 years$4,250$2,502$1,411$770$410$27
46 years$4,111$2,387$1,325$711$373$23
47 years$3,978$2,278$1,245$657$338$19
48 years$3,850$2,174$1,170$607$307$16
49 years$3,729$2,076$1,100$561$279$14
50 years$3,612$1,984$1,034$519$253$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $3,700,000, adding $5,899 every year, while hoping to spend $21,074 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 70/16/14 Blend
55$3,700,000$3,700,000$3,700,000$3,700,000
56$4,083,485$3,887,385$3,830,035$4,356,116
57$4,477,578$4,055,444$3,935,918$4,706,039
58$4,911,162$4,231,032$4,044,643$5,085,767
59$5,388,243$4,414,495$4,156,281$5,500,794
60$5,913,235$4,606,196$4,270,907$5,954,596
61$6,491,000$4,806,516$4,388,599$6,451,000
62$7,126,899$5,015,851$4,509,433$6,994,218
63$7,826,834$5,234,620$4,633,490$7,588,885
64$8,597,312$5,463,257$4,760,853$8,240,105
65$9,445,501$5,702,219$4,891,605$8,953,498
66$10,379,300$5,951,986$5,025,831$9,735,248
67$11,407,412$6,213,058$5,163,621$10,592,168
68$12,539,429$6,485,959$5,305,063$11,531,756
69$13,785,919$6,771,238$5,450,251$12,562,270
70$15,158,525$7,069,472$5,599,277$13,692,802
71$16,670,081$7,381,261$5,752,238$14,933,368
72$18,334,724$7,707,239$5,909,234$16,294,993
73$20,168,037$8,048,064$6,070,364$17,789,823
74$22,187,187$8,404,430$6,235,732$19,431,232
75$24,411,094$8,777,061$6,405,443$21,233,952
76$26,860,606$9,166,716$6,579,604$23,214,208
77$29,558,694$9,574,192$6,758,328$25,389,870
78$32,530,673$10,000,320$6,941,724$27,780,623
79$35,804,440$10,445,974$7,129,911$30,408,148
80$39,410,734$10,912,068$7,323,003$33,296,328
81$43,383,428$11,399,559$7,521,123$36,471,471
82$47,759,851$11,909,450$7,724,394$39,962,560
83$52,581,135$12,442,792$7,932,940$43,801,517
84$57,892,607$13,000,685$8,146,890$48,023,514
85$63,744,218$13,584,284$8,366,376$52,667,292
86$70,191,011$14,194,796$8,591,532$57,775,535
87$77,293,640$14,833,487$8,822,494$63,395,265
88$85,118,946$15,501,683$9,059,403$69,578,284
89$93,740,586$16,200,773$9,302,400$76,381,667
90$103,239,728$16,932,213$9,551,633$83,868,291
91$113,705,817$17,697,528$9,807,249$92,107,433
92$125,237,419$18,498,316$10,069,401$101,175,416
93$137,943,153$19,336,251$10,338,244$111,156,333
94$151,942,716$20,213,088$10,613,935$122,142,835
95$167,368,008$21,130,665$10,896,638$134,237,002
96$184,364,385$22,090,907$11,186,515$147,551,310
97$203,092,025$23,095,835$11,483,736$162,209,682
98$223,727,442$24,147,561$11,788,472$178,348,661
99$246,465,153$25,248,303$12,100,897$196,118,696
100$271,519,512$26,400,383$12,421,191$215,685,555